American Coastal enters agreement to sell personal lines subsidiary Interboro
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

American Coastal enters agreement to sell personal lines subsidiary Interboro

Kyoung-son Song
November 13, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Florida flag palm trees.jpg

American Coastal Insurance told analysts on its Q3 earnings call that it has entered a non-binding agreement to sell personal lines subsidiary Interboro Insurance at book value, or approximately $23mn.

The final purchase price will be determined at closing, which is expected to take place in roughly six months.

“We

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News M&A Florida Results American Coastal
kyoung-son song ii us.png
Kyoung-son Song
Senior Reporter
Contact
Gift this article